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Nearly every day, Amazon announces a new venture.

It just bought an online education company and introduced a payment mechanism for Internet retailers that competes with PayPal. It started selling wine for the first time in New York, updated its line of tablets, gave the go-ahead to three new comedy pilots and began a design competition for its fashion division. It is setting up mini-warehouses inside suppliers like Procter & Gamble to ship goods faster.

But one thing it will not be announcing this month: a significant profit.

Who cares? Amazon lost money in 2012, and analysts are anticipating another loss when the company releases its third-quarter results on Thursday. Yet the stock is at a record high.

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– http://www.nytimes.com/2013/10/22/technology/sales-are-colossal-shares-are-soaring-all-amazoncom-is-missing-is-a-profit.html?ref=todayspaper